Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “hold” rating restated by stock analysts at Brean Capital in a report issued on Wednesday, American Banking News reports.
The analysts wrote, “Take-Two blew away expectations with $1.27 billion in net revenue and non-GAAP EPS of $2.49, versus our top of the Street estimates for $1.05 billion and $1.90. The magnitude of the beat was surprising, but there was little surprise in the Rockstar developed franchise re-establishing itself as one of the premier titles in the industry. Take-Two anticipates profitability moving ahead, but is unwilling to prove more than the scantiest of details on how this materializes. Management alluded to a pipeline of 10 next gen titles, including NBA 2K14 which will launch with the new consoles in November, and GTA Online is surely a key potential contributor. However, GTA Online current monetization channel remains suspended, and it is unclear what sort of contribution margin the game can ultimately generate. As a result, we continue to wrestle with a baseline for normalized earnings, but current scenarios show low-$1+ normalized non-GAAP EPS, which we believe is fully priced into the company’s current valuation.”
Take-Two Interactive Software (NASDAQ:TTWO) opened at 17.95 on Wednesday. Take-Two Interactive Software has a 1-year low of $9.86 and a 1-year high of $19.12. The stock has a 50-day moving average of $18.18 and a 200-day moving average of $16.30. The company has a market cap of $1.561 billion and a P/E ratio of 79.42.
Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $1.01. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $836.71 million. During the same quarter last year, the company posted $0.11 earnings per share. Take-Two Interactive Software’s revenue was up 340.5% compared to the same quarter last year. Analysts expect that Take-Two Interactive Software will post $2.80 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Take-Two Interactive Software from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $20.20 price target on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Take-Two Interactive Software from $20.00 to $22.00 in a research note to investors on Wednesday, September 25th. They now have an “outperform” rating on the stock. Finally, analysts at Macquarie raised their price target on shares of Take-Two Interactive Software from $23.00 to $25.00 in a research note to investors on Thursday, September 19th. They now have an “outperform” rating on the stock. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $20.47.
Take-Two Interactive Software, Inc is a developer, marketer and publisher of interactive entertainment for consumers worldwide.
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